Schnitzer Steel (SCHN) Tops Q2 EPS by 7c

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Go back to Schnitzer Steel (SCHN) Tops Q2 EPS by 7c

Schnitzer Reports Second Quarter 2020 Financial Results

April 2, 2020 8:00 AM EDT

Strong Sequential Improvement in Operating Performance and Positive Operating Cash Flow

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today reported results for its fiscal second quarter ended February 29, 2020.

The Company reported earnings per share from continuing operations for the quarter of $0.14 and adjusted earnings per share of $0.31, a strong sequential improvement from the first quarter reported and adjusted loss per share of $0.26 and $0.17, respectively. Prior year second quarter reported and adjusted earnings per share from continuing operations were $0.46 and $0.50, respectively.

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